The US dollar index on the daily chart, continues to struggle in the 79 to 81 price region, as once again yesterday’s price action closed below all three short term moving averages, but with substantial clear water to the 200 day moving average below. This...
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US Dollar Index – Trading Currency Options 12th May 2009
Following Friday’s wide spread down bar yesterday’s candle provided little in the way of respite for continued US dollar weakness, closing the day only marginally higher and a long way from any suggestion that we are likely to see any reversal of the US dollar’s...
US Dollar Index – 28th April 2009
Yesterday’s wide spread up bar in the US dollar index, can largely be attributed to two separate factors, which combined to create a flight to the US dollar as a currency with safe haven status. The first of these was the fear of a swine...
US Dollar Index – Daily Chart 22nd April 2009
There was little change in the dollar index yesterday reflecting the current lack of fundamental news on the economic calendar and it closed the day on an indecisive doji cross. Given the dearth of news (other than things are very bad) we may see the...
US Dollar Index – 8th April 2009
Yesterday’s wide spread up bar closed well above both the 9 day and 14 day moving averages, but failed to have sufficient momentum to close above the significant resistance level now in place just ahead at 86.78 and above. For any move higher in the...
Currency Options Trading – 8th April 2009
This week has proved to be particularly difficult so far in trading both the currency options market as well as the spot market, due partly to the lack of fundamental news on the economic calendar, and coupled with the long weekend ahead, with many traders...